$FLR #FallingKnife
Sold these on the post-earnings move down:
$FLR Oct 20 42.50 puts @ 1.40
$FLR Jan 19 40.00 puts @ 1.40
Author Archives: Ramie
TSLA puts
#ShortPuts Sold $TSLA Jun 16 250 puts @ 2.00. Delta 10.
$DUST #ShortCalls Sold at the…
$DUST #ShortCalls
Sold at the highest strike:
$DUST Jul 21 52 calls @ 2.85
$DUST Dec 15 50 call @ 7.60
Looks like I may have been a bit early.
IWM June strangle
Sold $IWM Jun 16 133/143 strangle @ 2.07
TLT June strangle
Borrowing an idea from a Tasty Trader but tweaking it a bit.
Sold $TLT Jun 16 119/125 strangle @ 1.55 with TLT at 122.22
Selling puts on TWLO
Sold $TWLO Jun 16 23 puts @ 1.00
Anyone playing $AAPL?
Tempted to sell a strangle but always careful that any earnings announcement could have some news that would blast the thing off. Valuation isn’t as good as it was a year ago, but still a reasonable PE (17) for a company projected to grow by 16% over the next 5 years. Sitting on my hands for now.
#Earnings
Closing GILD
$GILD #ShortPuts With earnings tonight the strike very possibly could be safe (55 with the stock at 68.79), but this is a biotech and anything can happen so I’m taking this off for about 75% of the premium received.
Bought to close $GILD Aug 18 55 puts @ .34. Sold for 1.32-1.45 on Feb 8-9.
Closing some UVXY
Reducing short vol exposure.
Bought to close the following:
$UVXY May 12 27.50 calls @ .03. Sold for 1.13 on 3/31.
$UVXY May 12 30 calls @ .03. Sold for 2.10 on 4/11.
$UVXY May 12 40 calls @ .03. Sold for 1.35 on 4/12.
$UVXY May 19 39 calls @ .03. Sold for 1.70 on 3/21.
$UVXY May 19 40 calls @ .04. Sold for 1.00-1.50 on 4/3-4/11.
Have a lot more to go. With the market at these levels I have a quick hook on positions that are getting under .05 to cover.
#VXXGame
DUST Dec calls
Starting small in December, and will wait for higher strikes for further sales.
Sold $DUST Dec 15 50 call @ 6.50
#OptionsExpiration for 4/28 A light…
#OptionsExpiration for 4/28
A light week.
$SVXY 04/28/2017 90 puts
$UVXY 04/28/2017 35 calls
$UVXY 04/28/2017 39 calls
No assignments.
Have a great weekend everyone.
$AMZN #CoveredCall Sold $AMZN Jun…
$AMZN #CoveredCall
Sold $AMZN Jun 16 1020 call @ 5.50
DUST new weeklies
Sold $DUST Jun 9 47 calls @ 1.20. Highest strike.
DUST calls
Sold $DUST May 19 45 calls @ .65. Idea from @optioniceman from yesterday.
$TLT Closing some #ShortCalls Bought…
$TLT Closing some #ShortCalls
Bought to close $TLT May 19 123 calls @ .82. Sold for 2.47 as a rollout (from April 122.50 calls) on 4/18. Net profit per contract of 1.23 for overall position including rollout.
I am also still short a May 120/124 strangle (120 puts had been rolled up from 116) that I will leave on for now but with a few more days of time decay (and TLT calming down) I will look to take that position off as well.
$NUGT Closing position a couple months early
For near minimum value.
Bought to close $NUGT Jun 16 24 calls @ .03. Sold for 1.20 on 2/6.
$IWM Rolling the put side…
$IWM Rolling the put side of my May 130/140 strangle up
To capture additional premium (.61 credit)–
Rolled $IWM May 19 130 puts up to May 19 137 puts (25 delta).
Position is now a May 137/140 strangle for which I have now taken in a total of 3.37 in premium. If the Russell continues up I will roll the puts up again.
#Rollup
#OptionsExpiration for April monthly $AMZN…
#OptionsExpiration for April monthly
$AMZN 04/21/2017 950 calls (covered)
$CAT 04/21/2017 87.50 puts
$LULU 04/21/2017 50 puts
$M 04/21/2017 29 puts
$PANW 04/21/2017 105 puts
$QCOM 04/21/2017 49 puts
$SIG 04/21/2017 60 puts
$SVXY 04/21/2017 75 puts
$SVXY 04/21/2017 100 puts
$TSLA 04/21/2017 300 puts
$UNH 04/21/2017 160 puts
$UVXY 04/21/2017 30 calls
$X 04/21/2017 35 calls (covered)
No assignments.
Have a great weekend everyone. Will be watching the futures closely on Sunday as the French election results start to come out.
$XOP–A bullish trade on oil
Sold $XOP May 19 34 puts @ .60
Taking off some SVXY in June
Loaded up in June on the recent volatility spike. Taking this one off for around 90% of the premium.
Bought to close $SVXY Jun 16 55 puts @ .40. Sold for 3.80 on 12/30.
TLT #RollOut Rolled $TLT Apr…
TLT #RollOut
Rolled $TLT Apr 21 short 122.50 calls up and out to May 19 123.00 calls for .63 credit.
$NFLX Taking off #Earnings trade…
$NFLX Taking off #Earnings trade
Bought to close $NFLX Apr 21 132/160 strangle @ .08. Sold yesterday for 2.41.
NFLX Earnings Trade
Sold $NFLX Apr 21 132/160 strangle @ 2.41
#Earnings
UVXY Adding in May
Sold $UVXY May 19 40 calls @ 1.67. Highest strike.
SVXY puts–6/2
Lowest strike in the new weekly series that started trading today.
Sold $SVXY Jun 2 75 puts 2 @ 1.60
#VXXGame
UVXY #VXXGame trades Sold: $UVXY…
UVXY #VXXGame trades
Sold:
$UVXY May 5 40 calls @ .85 Highest strike
$UVXY May 26 40 calls @ 1.80 Highest strike.
$UVXY Jun 16 50 calls @ 1.80
$UVXY Jan 18 2019 60 call @ 7.30 Following Iceman in a #ClassicVXXGame trade from yesterday.
$AMZN #CoveredCalls Took these off…
$AMZN #CoveredCalls
Took these off for 65-75% of the premium received instead of waiting for expiration. Will reload on the next move up in the stock.
Bought to close $AMZN Apr 21 910 call @ 2.07 (sold for 6.00 on 3/31)
Bought to close $AMZN May 19 1000 call @ 2.80 (sold for 10.00 on 4/5)
TSCO #FallingKnife Sold $TSCO Oct…
TSCO #FallingKnife
Sold $TSCO Oct 20 55 puts @ 1.00 with the stock at 66.22, down 6% this morning on a warning of a Q1 revenue and earnings miss.
UVXY new highest strike in May 12
Sold $UVXY May 12 40 calls @ 1.35
Jan NUGT calls
Sold $NUGT Jan 19 2018 25 calls @ 1.45
SVXY
Sold $SVXY May 12 80 puts @ 1.48
Added:
Sold $SVXY Apr 21 100 puts @ 1.05
SVXY: Adding to 5/26 at a lower strike
Sold $SVXY May 26 70 put @ 1.20
More UVXY
Sold $UVXY Apr 28 39 calls @ .60. Highest strike.
#VXXGame
Added at highest strike:
Sold $UVXY May 12 30 call @ 2.10
Sold $UVXY May 5 39 calls @ .85
Added some more:
Sold $UVXY Apr 21 30 calls @ .53
#VXXGame trades Sold $SVXY May…
#VXXGame trades
Sold $SVXY May 26 75 put @ 1.25
Sold $UVXY May 26 30 call @ 2.20 (highest strike)
#OptionsExpiration for 4/7 $SVXY 04/07/2017…
#OptionsExpiration for 4/7
$SVXY 04/07/2017 130 puts
$UVXY 04/07/2017 19 calls
$UVXY 04/07/2017 30 calls
No assignments.
Reducing SVXY
Following Iceman’s lead, I’m closing some positions to reduce exposure, while making some room for opportunities that may arise from further volatility.
Bought to close $SVXY Apr 21 95/155 strangles for .60. Sold for 2.73 on 3/13.
PII Puts
Sold $PII May 19 70 puts @ 1.05. I’ve had pretty good success selling out of the money puts on this when it sells off. Stock at 79.89. Strike price below the September low.
Slowly selling some UVXY calls
$UVXY Jun 16 45 calls @ 1.02
#VXXGame
Sep NUGT calls
Sold $NUGT Sep 15 18 calls @ 1.08. Highest strike in September.
AMZN #CoveredCalls Sold $AMZN May…
AMZN #CoveredCalls
Sold $AMZN May 19 1,000.00 call @ 10.00.
Closing XOP
Bought to close $XOP May 19 34 puts @ .34 (sold for .90 on 3/28). I thought I would have to hold these longer, but over 60% of the profit in 1 week is a gift. Taking it and running like a thief in the night.
NVDA May puts
Adding to my position. Sold $NVDA May 19 90 puts @ 1.75.
Reinitiating a strangle in IWM
I closed the April strangle last week. Putting one on for May with a bit of a bearish bias.
Sold $IWM May 19 130/140 strangle 2.76 with the underlying at 136.30. Just as with April, I will look to take this trade off for at least 50% of max profit.
Closing WHR
Bought to close $WHR Jun 16 130 puts @ .40. Sold for 1.34 on 1/27.
$MYL #FallingKnife Sold $MYL Oct…
$MYL #FallingKnife
Sold $MYL Oct 20 32.50 puts @ 1.10
#OptionsExpiration for 3/31 Expiring: $DUST…
#OptionsExpiration for 3/31
Expiring:
$DUST 03/31/2017 41.00 calls
$SVXY 03/31/2017 115.00 puts
$UVXY 03/31/2017 28.00 calls
$UVXY 03/31/2017 33.50 calls
No assignments this week.
UVXY–threw one out there
Sold $UVXY May 12 27.50 calls @ 1.13. Highest strike.
#VXXGame
Closing SVXY, UVXY
Taking off some short volatility positions at near max profit.
Bought to close $SVXY Apr 13 85 puts @ .05 (sold for .40 on 3/21)
Bought to close $UVXY Apr 21 41 calls @ .04 (sold for 1.57 on 2/23)
#VXXGame
AMZN #CoveredCalls Sold $AMZN Apr…
AMZN #CoveredCalls
Sold $AMZN Apr 21 910 call @ 6.00 with the stock on a tear at 888.63. Delta 28.
More CMG adjustment
Adjusted yesterday to a 4/13 425 straddle. I just rolled the 4/13 425 call out 2 weeks to 4/28 at the same strike for a 6.00 credit. Not expecting earnings until the first week of May. Keeping the 4/13 425 put for now.
Reducing UVXY position in Sep
I added to this position on the volatility spike in late February, doubling my size, so I’m taking the second half off today at a nice profit, to reduce my exposure a bit. Leaving the original position on for now.
Bought to close $UVXY Sep 15 60 calls @ 1.37. Sold for 5.00 on 2/24.
#VXXGame
Closing REGN strangle
Bought to close $REGN Apr 21 350/420 strangle @ 3.25. Sold for 7.12 on 3/14, following @fuzzballl.
Taking the >50% profit off the table and looking to re-establish something in this name.
Closing Sep CMG
Bought to close $CMG Sep 15 put @ 5.39. Sold for 15.00 on 2/6. Taking the position off for around 65% of the premium received, 5 1/2 months early.
Adjusting CMG strangle
With the stock decisively breaching the short strike of the Apr 13 375/425 strangle, I rolled the put up to 425 for a 4.00 credit, creating a straddle.
Taking IWM off
Closed position for 57% of max profit.
Bought to close $IWM Apr 21 132/142 strangles @ 1.07. Sold for 2.51 on 3/6.
XOP puts
Sold $XOP May 19 34 puts @ .90. Looking at yesterday’s low as a potential short term bottom.
$SVXY Reducing some short put exposure
Bought to close $SVXY Apr 7 86.50 puts @ .15. Sold for 2.05 on 2/24.
Closing some DUST positions
Taking these off the table instead of waiting until April for the last .05 or .10. Bought to close:
$DUST Apr 21 53 calls @ .10. Sold for 1.20 on 2/27.
$DUST Apr 21 55 calls @ .05. Sold for 2.03 on 3/3.
$DUST Apr 28 60 calls @ .10. Sold for 1.00 on 3/14.
#VXXGame trades Sold: $UVXY Jan…
#VXXGame trades
Sold:
$UVXY Jan 19 2018 60 call @ 4.70 (highest strike)
$UVXY Jan 18 2019 60 call @ 6.15 (highest strike)
$SVXY May 19 65 puts @ 1.10
#OptionsExpiration for March 24 $NUGT…
#OptionsExpiration for March 24
$NUGT 03/24/2017 17.50 calls
$SVXY 03/24/2017 95.00 puts
$SVXY 03/24/2017 115.00 puts
$UVXY 03/24/2017 45.00 calls
No assignments.
Have a great weekend everyone.
UVXY calls
Sold May 5 32 calls @ 1.85. Highest strike.
SVXY Sep
Sold $SVXY Sep 15 55 puts @ 1.60
Closing DUST
Following Iceman’s lead and put in closing orders for a bunch of March and April calls at .05. This one just filled:
Bought to close $DUST Apr 13 55 calls @ .05. Sold for 1.70 on 3/6.
NVDA May
Sold $NVDA May 19 90 puts @ 1.40 with the stock at 106.60. Delta is 14.
#VXXGame trades Sold the following:…
#VXXGame trades
Sold the following:
$UVXY Apr 28 35 calls @ .75 (highest strike)
$SVXY Mar 31 115 puts @ 1.30
$SVXY Apr 28 90 puts @ 1.35
$UVXY Adding some weeks in…
$UVXY Adding some weeks in April I didn’t have exposure in
Sold $UVXY Apr 7 30 calls @ .32
Sold $UVXY Apr 13 30 calls @ .42
#VXXGame
DIA Covered Puts
Sold these against my short position.
STO $DIA May 19 195 puts @ 1.19
UVXY May
Sold May 19 30 calls @ 1.70. Highest strike.
SVXY May
Sold $SVXY May 19 85 puts @ 1.65
#VXXGame
EWW adjustment
Rolled in the money April $EWW short 49 calls out to May for .56 credit. I have short puts against this that have been rolled as EWW has risen. Now short April 47 puts against the May 49 calls. Will either roll the puts up again in April or out to May.
#OptionsExpiration for 3/17 Expiring: $DIA…
#OptionsExpiration for 3/17
Expiring:
$DIA 03/17/2017 200.00 puts
$DUST 03/17/2017 41.00 calls
$DUST2 03/17/2017 12.00 calls (pre-split strike)
$NFLX 03/17/2017 135.00 puts
$NUGT 03/17/2017 15.00 calls
$NUGT 03/17/2017 16.00 calls
$NUGT 03/17/2017 52.00 calls
$NVDA 03/17/2017 100.00 puts
$NVDA 03/17/2017 110.00 calls
$SVXY 03/17/2017 35.00 puts
$SVXY 03/17/2017 50.00 puts
$SVXY 03/17/2017 100.00 puts
$UVXY 03/17/2017 60.00 calls
$CLF 03/17/2017 13.00 calls (covered)
$TWLO 03/17/2017 32.00 calls (covered)
Assignments (stock being called away)
$TWLO 03/17/2017 30.50 calls
Have a great weekend everyone.
Rolling in the money TWTR short puts
Rolled today’s 16 puts out to April 16 puts for .23 credit
#Rolling
Rolling up put side on $EWW strangle
With the call side of my April 43/49 strangle getting breached, I rolled up the put side to around 20 delta for .33 credit. Quite a move in the peso the last 2 days.
NUGT calls
Sold some calls in January on the move up in gold.
Sold $NUGT Jan 19 2018 30 calls @ 1.00.
#FallingKnife trade on TGT Sold…
#FallingKnife trade on TGT
Sold $TGT Oct 45 puts @ 1.11 with the stock at 54.71.
Strike price at a level last seen by the stock in late 2009.
